Greg Reid - Westwood MDST

Behind the Ticker

The podcast episode of "Behind the Ticker" featuring Greg Reid, the president of Real Assets at Westwood, offers a detailed insight into his background, the firm’s operations, and the innovative strategies they employ. Greg Reid has a lengthy career in investment, dating back to 1987, and currently manages a team in Houston overseeing $2.3 billion in assets. Westwood, a public company based in Dallas, focuses on real asset management, particularly in the energy sector, with a strong emphasis on value equities and income-generating real assets.

In the episode, Reid discusses the launch of Westwood’s new ETF, the Westwood Enhanced Midstream Income ETF (MDST), which is particularly innovative due to its use of covered calls to enhance yield. This strategy aims to offer investors double-digit dividend yields by combining high-yielding stocks with covered call writing, which provides additional income and reduces portfolio risk.

Reid also elaborates on the construction of MDST’s portfolio, which selects stocks based on dividend yield and growth potential, aiming to optimize returns and manage risk. The fund’s strategy involves a rigorous selection process, leveraging in-house research to identify the best-performing stocks within the energy sector, focusing on midstream companies.

Marketing strategies for the ETF target high-net-worth individuals and RIAs, positioning it as an attractive option for those seeking income solutions within their investment portfolios. Reid’s approach underlines the importance of combining sophisticated financial instruments with strategic marketing to appeal to a broad audience, highlighting the balance between innovative financial products and practical investment solutions for retirement and income-focused portfolios.